Sports betting has long been a part of the American fabric. For some, sports themselves only really come alive when you have money riding on the outcome. However, without live sports on which to bet, the entire American sports betting establishment has come to an abrupt and sudden halt. And while that might actually be a financial benefit to perennial losers, it’s also a pretty devastating blow to the livelihoods of thousands of people employed by sportsbooks, casinos and elsewhere.

To help get a clearer sense of the economic impact — both on the sportsbooks and their employees, as well as the bettors — GOBankingRates compiled the data on the average monthly haul in each of the dozen states where some form of sports gambling is legal, and calculated approximately how much was lost in the six or so weeks since major sports shut down.

New Hampshire

New Hampshire’s nascent sports betting industry only came into existence in the waning days of 2019, meaning the state wasn’t even into its third month in operation when things came crashing to a halt. The state’s industry was a result of a deal between the New Hampshire Lottery and DraftKings.

Monthly Average

How Much Was Lost — or Saved — Due To Coronavirus

Handle: $23,816,051

Revenue: $1,687,467

Hold: 10.35%

Taxes: $860,608

4/36

Luciano Mortula - LGM / Shutterstock.com

New York

The initial effort to open four casinos in upstate New York included making it legal to operate sportsbooks, provided the federal ban against them was lifted. And after the 2018 Supreme Court ruling that struck down the Professional and Amateur Sports Protection Act (PASPA) of 1992, the Empire State jumped into action — just in time for the 2019 football season.

5/36

NYCStock / Shutterstock.com

Monthly Average

Handle: N/A

Revenue: $1,193,399

Hold: N/A

Taxes: $138,954

6/36

alfexe / Getty Images/iStockphoto

How Much Was Lost — or Saved — Due To Coronavirus

Handle: N/A

Revenue: $1,790,099

Hold: N/A

Taxes: $208,431

7/36

ARTYOORAN / Shutterstock.com

Oregon

Oregon had some limited legal sports betting before the passage of the PASPA, so they already had laws regulating the industry when the act was struck down in 2018. The state has also had legal mobile sports betting since October of last year.

8/36

Kobby Dagan / Shutterstock.com

Monthly Average

Handle: $18,236,059

Revenue: $1,271,681

Hold: 6.55%

Taxes: N/A

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9/36

jk78 / Getty Images/iStockphoto

How Much Was Lost — or Saved — Due To Coronavirus

Handle: $27,354,089

Revenue: $1,907,522

Hold: 9.83%

Taxes: N/A

10/36

DenisTangneyJr / Getty Images/iStockphoto

Delaware

Within a month of the PASPA being struck down, Delaware had moved to create a legal sports betting industry in the state. Three in-state casinos started offering single-game betting on June 5, 2018.

11/36

Kobby Dagan / Shutterstock.com

Monthly Average

Handle: $9,980,010

Revenue: $1,287,677

Hold: 12.78%

Taxes: $563,358

12/36

Oleg Elkov / Getty Images/iStockphoto

How Much Was Lost — or Saved — Due To Coronavirus

Handle: $14,970,015

Revenue: $1,931,516

Hold: 19.17%

Taxes: $845,037

13/36

Sean Pavone / Getty Images/iStockphoto

Rhode Island

The nation’s smallest state got its sports betting industry underway in November of 2018 when Lincoln’s Twin River Casino opened up its sportsbook. However, the law allowed for only two locations to offer the service.

14/36

rez-art / Getty Images/iStockphoto

Monthly Average

Handle: $19,101,460

Revenue: $1,474,456

Hold: 7.97%

Taxes: $751,973

Save for Your Future

Sponsors of

15/36

MartinPrague / Getty Images/iStockphoto

How Much Was Lost — or Saved — Due To Coronavirus

Handle: $28,652,190

Revenue: $2,211,684

Hold: 11.96%

Taxes: $1,127,960

16/36

Sean Pavone / Getty Images/iStockphoto

West Virginia

West Virginia set its sports betting framework in motion in August of 2018, making it the fifth state to do so. The first casino there was the Hollywood Casino, owned by Penn National.

17/36

George Sheldon / Shutterstock.com

Monthly Average

Handle: $18,753,977

Revenue: $1,485,998

Hold: 12.91%

Taxes: $161,860

18/36

stevanovicigor / Getty Images/iStockphoto

How Much Was Lost — or Saved — Due To Coronavirus

Handle: $28,130,966

Revenue: $2,228,997

Hold: 19.37%

Taxes: $242,790

19/36

pabradyphoto / Getty Images/iStockphoto

Iowa

Iowa passed its law legalizing sports betting in May of 2018 — the same month as the PASPA decision — and began taking bets by August of the same year. The state requires a $45,000 licensing fee for sportsbooks and charges a 6.75% tax on all revenue.

20/36

Philip Lange / Shutterstock.com

Monthly Average

Handle: $46,762,454

Revenue: $3,324,345

Hold: 9.74%

Taxes: $224,393

Save for Your Future

Sponsors of

21/36

Kyryl Gorlov / Getty Images/iStockphoto

How Much Was Lost — or Saved — Due To Coronavirus

Handle: $70,143,681

Revenue: $4,986,518

Hold: 14.61%

Taxes: $336,590

22/36

DenisTangneyJr / Getty Images

Mississippi

Mississippi didn’t wait to enact legislation allowing for sports betting. In fact, it passed laws in 2017 that cleared the path pending a favorable Supreme Court decision that helped two of the MGM-owned casinos in the state start taking sports bets beginning in August of 2018.

Monthly Average

How Much Was Lost — or Saved — Due To Coronavirus

Handle: $47,839,455

Revenue: $5,239,799

Hold: 16.19%

Taxes: $628,776

Save for Your Future

Sponsors of

25/36

SeanPavonePhoto / Getty Images/iStockphoto

Pennsylvania

Pennsylvania jumped on taking legal sports bets well before it was clear it would be legalized, passing a law in 2017 in anticipation of the PASPA case the next year. The first legal bets were made by mid-November of 2018, but the state also received a letter from the NFL citing concerns about a lack of consumer protections.

26/36

Anton Gvozdikov / Shutterstock.com

Monthly Average

Handle: $136,618,892

Revenue: $9,828,838

Hold: 10.07%

Taxes: $3,525,649

27/36

alfexe / Getty Images/iStockphoto

How Much Was Lost — or Saved — Due To Coronavirus

Handle: $204,928,338

Revenue: $14,743,257

Hold: 15.11%

Taxes: $5,288,474

28/36

Sean Pavone / Getty Images/iStockphoto

Indiana

The Hoosier state’s sports gambling industry kicked off in September 2019, meaning it had only half a year in operation before things came slamming to a stop. The state allows for bets on college and professional sports events but bans betting on high school events or esports.

29/36

Przemek Tokar / Shutterstock.com

Monthly Average

Handle: $132,372,353

Revenue: $10,894,020

Hold: 10.70%

Taxes: $1,034,932

30/36

agrobacter / Getty Images/iStockphoto

How Much Was Lost — or Saved — Due To Coronavirus

Handle: $198,558,530

Revenue: $16,341,030

Hold: 16.05%

Taxes: $1,552,398

31/36

DenisTangneyJr / Getty Images

New Jersey

New Jersey passed its new law allowing for legal sports bets on June 11, 2018, and it was just three days until the first legal bets were made on June 14. Atlantic City casinos were quick to adopt this new potential revenue stream.

32/36

Andrija Nikolic / Getty Images

Monthly Average

Handle: $326,911,101

Revenue: $22,091,009

Hold: 7.69%

Taxes: $2,899,905

33/36

martin-dm / Getty Images/iStockphoto

How Much Was Lost — or Saved — Due To Coronavirus

Handle: $490,366,652

Revenue: $33,136,514

Hold: 11.54%

Taxes: $4,349,858

34/36

Kit Leong / Shutterstock.com

Nevada

The one state where sports betting has continued unimpeded by law throughout the reign of PASPA, Nevada’s sportsbooks are not recent additions. However, with more competition from various local operators, Vegas no longer has the monopoly on sports gambling it once enjoyed.

Methodology: GOBankingRates, in order to find the amount lost and saved by sportsbooks being out of action, used Legal Sports Report’s “U.S. Sports Betting Revenue and Handle” report. With this report, GOBankingRates found the following for each state where sportsbooks are legal: (1) amount wagered over the time period (handle); (2) amount of money kept by sportsbooks out of the amount wagered (revenue); (3) how much revenue sportsbooks keep as a function of handle (hold); and (4) taxes collected by state and local jurisdictions; or state share of proceeds in revenue-sharing markets (taxes/state revenues). Next, GOBankingRates found the monthly average for those four factors in each state and then calculated how much each sportsbook would’ve made/lost over the last one and a half months (mid-March through April) when no sports were taking place. GOBankingRates collected all of the above data from the time when each state legalized sports betting to the time when the data was most recently updated for each state. All data was up to date and collected on April 29, 2020.

Photo disclaimer: Photos are for illustrative purposes only. As a result, some of the images may not reflect places or services relevant to the states listed in this article.

About the Author

Joel Anderson is a business and finance writer with over a decade of experience writing about the wide world of finance. Based in Los Angeles, he specializes in writing about the financial markets, stocks, macroeconomic concepts and focuses on helping make complex financial concepts digestible for the retail investor.

Sports betting has long been a part of the American fabric. For some, sports themselves only really come alive when you have money riding on the outcome. However, without live sports on which to bet, the entire American sports betting establishment has come to an abrupt and sudden halt. And while that might actually be a financial benefit to perennial losers, it’s also a pretty devastating blow to the livelihoods of thousands of people employed by sportsbooks, casinos and elsewhere.

To help get a clearer sense of the economic impact — both on the sportsbooks and their employees, as well as the bettors — GOBankingRates compiled the data on the average monthly haul in each of the dozen states where some form of sports gambling is legal, and calculated approximately how much was lost in the six or so weeks since major sports shut down.

1. New Hampshire

New Hampshire’s nascent sports betting industry only came into existence in the waning days of 2019, meaning the state wasn’t even into its third month in operation when things came crashing to a halt. The state’s industry was a result of a deal between the New Hampshire Lottery and DraftKings.

2. Monthly Average

3. How Much Was Lost — or Saved — Due To Coronavirus

Handle: $23,816,051

Revenue: $1,687,467

Hold: 10.35%

Taxes: $860,608

Luciano Mortula - LGM / Shutterstock.com

4. New York

The initial effort to open four casinos in upstate New York included making it legal to operate sportsbooks, provided the federal ban against them was lifted. And after the 2018 Supreme Court ruling that struck down the Professional and Amateur Sports Protection Act (PASPA) of 1992, the Empire State jumped into action — just in time for the 2019 football season.

NYCStock / Shutterstock.com

5. Monthly Average

Handle: N/A

Revenue: $1,193,399

Hold: N/A

Taxes: $138,954

alfexe / Getty Images/iStockphoto

6. How Much Was Lost — or Saved — Due To Coronavirus

Handle: N/A

Revenue: $1,790,099

Hold: N/A

Taxes: $208,431

ARTYOORAN / Shutterstock.com

7. Oregon

Oregon had some limited legal sports betting before the passage of the PASPA, so they already had laws regulating the industry when the act was struck down in 2018. The state has also had legal mobile sports betting since October of last year.

Kobby Dagan / Shutterstock.com

8. Monthly Average

Handle: $18,236,059

Revenue: $1,271,681

Hold: 6.55%

Taxes: N/A

jk78 / Getty Images/iStockphoto

9. How Much Was Lost — or Saved — Due To Coronavirus

Handle: $27,354,089

Revenue: $1,907,522

Hold: 9.83%

Taxes: N/A

DenisTangneyJr / Getty Images/iStockphoto

10. Delaware

Within a month of the PASPA being struck down, Delaware had moved to create a legal sports betting industry in the state. Three in-state casinos started offering single-game betting on June 5, 2018.

Kobby Dagan / Shutterstock.com

11. Monthly Average

Handle: $9,980,010

Revenue: $1,287,677

Hold: 12.78%

Taxes: $563,358

Oleg Elkov / Getty Images/iStockphoto

12. How Much Was Lost — or Saved — Due To Coronavirus

Handle: $14,970,015

Revenue: $1,931,516

Hold: 19.17%

Taxes: $845,037

Sean Pavone / Getty Images/iStockphoto

13. Rhode Island

The nation’s smallest state got its sports betting industry underway in November of 2018 when Lincoln’s Twin River Casino opened up its sportsbook. However, the law allowed for only two locations to offer the service.

rez-art / Getty Images/iStockphoto

14. Monthly Average

Handle: $19,101,460

Revenue: $1,474,456

Hold: 7.97%

Taxes: $751,973

MartinPrague / Getty Images/iStockphoto

15. How Much Was Lost — or Saved — Due To Coronavirus

Handle: $28,652,190

Revenue: $2,211,684

Hold: 11.96%

Taxes: $1,127,960

Sean Pavone / Getty Images/iStockphoto

16. West Virginia

West Virginia set its sports betting framework in motion in August of 2018, making it the fifth state to do so. The first casino there was the Hollywood Casino, owned by Penn National.

George Sheldon / Shutterstock.com

17. Monthly Average

Handle: $18,753,977

Revenue: $1,485,998

Hold: 12.91%

Taxes: $161,860

stevanovicigor / Getty Images/iStockphoto

18. How Much Was Lost — or Saved — Due To Coronavirus

Handle: $28,130,966

Revenue: $2,228,997

Hold: 19.37%

Taxes: $242,790

pabradyphoto / Getty Images/iStockphoto

19. Iowa

Iowa passed its law legalizing sports betting in May of 2018 — the same month as the PASPA decision — and began taking bets by August of the same year. The state requires a $45,000 licensing fee for sportsbooks and charges a 6.75% tax on all revenue.

Philip Lange / Shutterstock.com

20. Monthly Average

Handle: $46,762,454

Revenue: $3,324,345

Hold: 9.74%

Taxes: $224,393

Kyryl Gorlov / Getty Images/iStockphoto

21. How Much Was Lost — or Saved — Due To Coronavirus

Handle: $70,143,681

Revenue: $4,986,518

Hold: 14.61%

Taxes: $336,590

DenisTangneyJr / Getty Images

22. Mississippi

Mississippi didn’t wait to enact legislation allowing for sports betting. In fact, it passed laws in 2017 that cleared the path pending a favorable Supreme Court decision that helped two of the MGM-owned casinos in the state start taking sports bets beginning in August of 2018.

23. Monthly Average

24. How Much Was Lost — or Saved — Due To Coronavirus

Handle: $47,839,455

Revenue: $5,239,799

Hold: 16.19%

Taxes: $628,776

SeanPavonePhoto / Getty Images/iStockphoto

25. Pennsylvania

Pennsylvania jumped on taking legal sports bets well before it was clear it would be legalized, passing a law in 2017 in anticipation of the PASPA case the next year. The first legal bets were made by mid-November of 2018, but the state also received a letter from the NFL citing concerns about a lack of consumer protections.

Anton Gvozdikov / Shutterstock.com

26. Monthly Average

Handle: $136,618,892

Revenue: $9,828,838

Hold: 10.07%

Taxes: $3,525,649

alfexe / Getty Images/iStockphoto

27. How Much Was Lost — or Saved — Due To Coronavirus

Handle: $204,928,338

Revenue: $14,743,257

Hold: 15.11%

Taxes: $5,288,474

Sean Pavone / Getty Images/iStockphoto

28. Indiana

The Hoosier state’s sports gambling industry kicked off in September 2019, meaning it had only half a year in operation before things came slamming to a stop. The state allows for bets on college and professional sports events but bans betting on high school events or esports.

Przemek Tokar / Shutterstock.com

29. Monthly Average

Handle: $132,372,353

Revenue: $10,894,020

Hold: 10.70%

Taxes: $1,034,932

agrobacter / Getty Images/iStockphoto

30. How Much Was Lost — or Saved — Due To Coronavirus

Handle: $198,558,530

Revenue: $16,341,030

Hold: 16.05%

Taxes: $1,552,398

DenisTangneyJr / Getty Images

31. New Jersey

New Jersey passed its new law allowing for legal sports bets on June 11, 2018, and it was just three days until the first legal bets were made on June 14. Atlantic City casinos were quick to adopt this new potential revenue stream.

Andrija Nikolic / Getty Images

32. Monthly Average

Handle: $326,911,101

Revenue: $22,091,009

Hold: 7.69%

Taxes: $2,899,905

martin-dm / Getty Images/iStockphoto

33. How Much Was Lost — or Saved — Due To Coronavirus

Handle: $490,366,652

Revenue: $33,136,514

Hold: 11.54%

Taxes: $4,349,858

Kit Leong / Shutterstock.com

34. Nevada

The one state where sports betting has continued unimpeded by law throughout the reign of PASPA, Nevada’s sportsbooks are not recent additions. However, with more competition from various local operators, Vegas no longer has the monopoly on sports gambling it once enjoyed.

Methodology: GOBankingRates, in order to find the amount lost and saved by sportsbooks being out of action, used Legal Sports Report’s “U.S. Sports Betting Revenue and Handle” report. With this report, GOBankingRates found the following for each state where sportsbooks are legal: (1) amount wagered over the time period (handle); (2) amount of money kept by sportsbooks out of the amount wagered (revenue); (3) how much revenue sportsbooks keep as a function of handle (hold); and (4) taxes collected by state and local jurisdictions; or state share of proceeds in revenue-sharing markets (taxes/state revenues). Next, GOBankingRates found the monthly average for those four factors in each state and then calculated how much each sportsbook would’ve made/lost over the last one and a half months (mid-March through April) when no sports were taking place. GOBankingRates collected all of the above data from the time when each state legalized sports betting to the time when the data was most recently updated for each state. All data was up to date and collected on April 29, 2020.

Photo disclaimer: Photos are for illustrative purposes only. As a result, some of the images may not reflect places or services relevant to the states listed in this article.

About the Author

Joel Anderson is a business and finance writer with over a decade of experience writing about the wide world of finance. Based in Los Angeles, he specializes in writing about the financial markets, stocks, macroeconomic concepts and focuses on helping make complex financial concepts digestible for the retail investor.

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